He buys 1 Bitcoin (BTC) every week and his social network is the first to host the BTC emoji. Jack Dorsey reaffirms his full support for Bitcoin and blockchain. The blue bird continues its flight towards more decentralization.
Blue skies for Twitter
The Twitter CEO, Jack Dorsey, is one of the most fervent defenders of Bitcoin and blockchain, going so far as to claim that Bitcoin will be the single global currency by 2030.
During the virtual conference ” Oslo Freedom Forum 2020 “, Dorsey reiterated his position ensuring that Bitcoin and blockchain represented the future of Twitter.
Dorsey explained to the founder ofHuman Rights, Thor halvorssen, than Bitcoin will be at the origin of a system where the contents will be permanent and indelible.
The founding principle of Bitcoin is to create a system of trust in an environment where that does not exist, the Internet.
The goal of Twitter is to become a client-application of this standard, a goal that has spurred Jack Dorsey create Blue sky.
Blue sky is a non-profit organization, completely separate from Twitter : Dorsey said he wanted to launch a service that anyone can access and contribute to.
Decentralize for better security
After the security breach that led to the hack of several accounts on Twitter, Jack Dorsey seems to want to take another step towards decentralization of the platform.
Asked about the subject, Dorsey declared that safety is a permanent race and an area that is always perfectible: in this context, allowing each individual to be fully responsible amounts to increasing the safety of everyone.
Dorsey, who is also the CEO of the payments company Square, invited other crypto firms to join the community ” Cryptocurrency Open Patent Alliance “: As the name suggests, its goal is to pool patents and preserve the open-source spirit of the crypto industry.
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The VOICE social network wants to be decentralized from its launch. Will Twitter be the first centralized network to migrate to decentralization? Would such a change push Facebook and other networks to do the same? On the one hand, a dynamic entrepreneur with a proven track record, on the other a crypto with enormous disruption potential: we are waiting to see the results of such a combination. The latter could reinvent the internet or be quite simply a dream team which will have lost a decisive match and which will be forgotten.
Litecoin, welcome in the Silver Age